Answer 1

Realisation Account
Dr.						Cr.
Particulars		Amount Rs	Particulars		Amount Rs
Sundry Assets (WN 2)		18,000	Cash A/c (Asset realised )		6,000
			Loss transferred to:
			X’s Capital A/c	4,000
			Y’s Capital A/c	4,000
			Z’s Capital A/c	4,000	12,000
		18,000			18,000

Partners’ Capital Accounts
Dr.									Cr.
Particulars		X	Y	Z	Particulars	X	Y	Z
Realisation A/c (Loss)		4,000	4,000	4,000	Balance b/d	9,000	6,000	3,000
Cash A/c		5,000	2,000	–	Cash A/c	–	–	1,000
		9,000	6,000	4,000		9,000	6,000	4,000

Working Notes:

WN 1

Cash Account
Dr.					Cr.
Particulars		Amount Rs	Particulars	Amount Rs
Realisation A/c		6,000	X’s Capital A/c	5,000
Z’s Capital A/c		1,000	Y’s Capital A/c	2,000
		7,000		7,000

WN 2

Memorandum Balance Sheet
Liabilities		Amount Rs	Assets	Amount Rs
Capital A/cs:			Sundry Assets	18,000
X’s Capital A/c	9,000		(Balancing figure)
Y’s Capital A/c	6,000
Z’s Capital A/c	3,000	18,000
		18,000		18,000